Cummins India · Analyst questions, management answers, and the quality of the response where the ledger is available.
ConCallIQ research layer
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Questions audited
12
Answered directly
71%
Numeric claims
1
Consistency
contradicted
Question ledger
Umesh Raut · Nomura
partialFrom an India perspective, our market, from Power Gen perspective, our order intake is more diversified. It continues quarter on quarter. There is no specific change as I see it in the coming quarters.
Umesh Raut · Nomura
directAcross the range in Power Gen market, the volumes are now back to pre-CPCB IV+ era. Pricing has settled down. Of course, there are competitive pressures in the market, so pricing is an ongoing moving thing.
Umesh Raut · Nomura
directOne of the impacts is the extended monsoon, which has ended up impacting the construction segment. The largest impact came from there in the construction segment, where we saw degrowth in this quarter as compared to the same quarter last year, as well as the sequential quarter.
Chintan Parikh · HDFC Securities
directApproximately 40% of Power Gen sales in this particular quarter came from data centers. On the Power Gen side, if I exclude data centers, then we have grown 20% as compared to the same quarter last year.
Chintan Parikh · HDFC Securities
partialWe are seeing a little bit of softening of the order intake from exports at this point in time. Largely, we do see this coming in the quarter, which is the last quarter of the year because of a lot of inventory correction in our channel space.
Chintan Parikh · HDFC Securities
partialThe Best Solution, there is a lot of interest from the market. I cannot share that we have a good order board yet. Turbines resolve a very different problem for the market, and they operate at a very different range. We do not see competition from that space emerging just yet.
Renu Bett · IIFL Capital
evasiveI won't be able to give you too much around this. Let me just tell you that the backup power market in India, just like you said. Segments like realty, commercial realty, or the construction that's happening where also our backup power is used.
Renu Bett · IIFL Capital
directFor this quarter, construction was at INR 121 crore. Rail was at INR 120 crore. Mining at INR 17 crore, compressor at INR 56 crore, and then the others. Due to extended monsoons, construction did not pick up as much as we had anticipated.
Renu Bett · IIFL Capital
partialThe endeavor always is to maintain or expand the margins. That is what we commit to our stakeholders. There are quite a few challenges. I would say competitive intensity in Power Gen side is becoming. Every month, every quarter, it increases.
Pulkit Patni · Goldman Sachs
directData centers in India have been growing via what we call colo players... Some of these big data center orders are not. That is lumpy business. It depends on site clearances that our hyperscalers are able to get.
Aditya Mongia · Kotak Securities
partialI may not be able to say what our competition is doing differently. We just see a lot of competitive intensity across the board. We encounter more and more of our competition in every deal that we go and look for.
Shirom Kapur · Jefferies
directFrom Power Gen business perspective, in this quarter, the low horsepower was about INR 100 crore. The medium range was about INR 250 crore. The heavy-duty, again, about INR 100 crore. The remaining was the high horsepower and projects business.
